Upcoming Events

Dublin | Anti-Capitalism

no events match your query!

User Preferences

  • Language - en | ga
  • text size >>
  • make this your indymedia front page make this your indymedia front page

Blog Feeds

The Saker
A bird's eye view of the vineyard

offsite link Communists and socialism Sun Feb 26, 2017 04:24 | Scott
by Scott Humor My fellow colleague, the Kulak dropped me a link to a video allegedly recorded in Syria. Syrian Army with Russian Air support advances towards Al Hayal Mountains

offsite link Russian ?Liberal? Media?s Foreign Sponsors Fri Feb 24, 2017 20:32 | Scott
https://southfront.org/russian-libera... The hysteria concerning the alleged Russian ?interference? in the US presidential election appears to be a mirror projection of techniques that have been used against Russia, with little or

offsite link CrossTalk: Revolt in the West Thu Feb 23, 2017 23:06 | Scott
  The West appears to have entered into a new era ? the era of the political upsets, growing anger, and increased disillusionment with ruling elites. It is not a

offsite link Iraqi War Report ? February 23, 2017: ISIS Combat Drones In Battle For Mosul Thu Feb 23, 2017 22:14 | Scott
Iraqi War Report ? February 23, 2017: ISIS Combat Drones In Battle For Mosul       Iraqi military for the first time officially admitted their losses from bombing, carried

offsite link Congratulations to all who served in the Soviet Army and in the Russian Army Thu Feb 23, 2017 17:57 | Scott
Vladimir Putin laid a wreath at the Tomb of the Unknown Soldier by the Kremlin wall Russian President Vladimir Putin laid a wreath at the Tomb of the Unknown Soldier

The Saker >>

Human Rights in Ireland
www.humanrights.ie

offsite link Hague Justice Journal: Call for Papers Mon Feb 20, 2017 11:13 | GuestPost

offsite link Reflections on the Citizen?s Assembly (3): The Presentation of Dr. Joan McCarthy Tue Feb 14, 2017 14:01 | GuestPost

offsite link Reflections on the Citizens Assembly (2): The Presentation of Bobbie Farsides Tue Feb 07, 2017 05:44 | GuestPost

offsite link Languishing in Direct Provision: Rights in ?Reasonable? and ?Unreasonable? Times Mon Feb 06, 2017 18:10 | Liam Thornton

offsite link The Story of King Tex: A Modern Allegory Fri Feb 03, 2017 06:20 | GuestPost

Human Rights in Ireland >>

Cedar Lounge
For lefties too stubborn to quit

offsite link New Red C / Sunday Business Post Poll 19:04 Sat Feb 25, 2017 | irishelectionliterature

offsite link The radical Protestant tradition 12:04 Sat Feb 25, 2017 | WorldbyStorm

offsite link SS-GB, and muttered dialogue on television 11:03 Sat Feb 25, 2017 | WorldbyStorm

offsite link This weekend I?ll mostly be listening to? Arab Strap 06:28 Sat Feb 25, 2017 | irishelectionliterature

offsite link That point about a ?united Ireland? provision in any Brexit deal 11:56 Fri Feb 24, 2017 | WorldbyStorm

Cedar Lounge >>

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link Notes for a Book on Money and the Irish State - The Marshall Aid Program 15:10 Sat Apr 02, 2016

offsite link The Financial Crisis:What Have We Learnt? 19:58 Sat Aug 29, 2015

offsite link Money in 35,000 Words or Less 21:34 Sat Aug 22, 2015

offsite link THE WRATH OF KANE: BANKING CRISES AND POLITICAL POWER 09:32 Fri Jan 30, 2015

offsite link ALWAYS THE ARTISTS: WEEK THREE OF THE BANK INQUIRY 23:11 Thu Jan 22, 2015

Dublin Opinion >>

Beware the Zombie Developers and Vampire Bankers. Beware the myth that the wealth has disappeared!

category dublin | anti-capitalism | opinion/analysis author Wednesday October 20, 2010 17:18author by Gregor Kerr - 1% Networkauthor email 1percentnetwork at gmail dot com Report this post to the editors

Zombie developers….. Vampire bankers….. Ghost estate creators….. Black holes that swallow tens of billions of Euros…..

They sound like characters from a particularly eerie Hallowe’en tale of horrors. However while they might be spooky, there’s nothing fictional about this array of characters

where is all the money gone??
where is all the money gone??

Zombie developers….. Vampire bankers….. Ghost estate creators….. Black holes that swallow tens of billions of Euros…..

They sound like characters from a particularly eerie Hallowe’en tale of horrors. However while they might be spooky, there’s nothing fictional about this array of characters.

They stalked our land during the era of the recently-departed Celtic Tiger. But now they’ve gone to ground. They’ve disappeared, they would have us believe. And if they themselves haven’t actually physically disappeared, then their wealth most definitely has.

All gone – in a puff of smoke as it were. No spondulas left! Sure they’re all bankrupt now and really we ought to feel sorry for them. Except for the Black holes – because the Black holes are extremely ravenous. Let’s squeeze a last drop of blood out of the poor and the sick to sate the appetite of the Black holes.

And shouldn’t we all be glad to sacrifice what’s left of our health and education services to satisfy the Black holes – Isn’t it in the national interest and aren’t we all in this together?

Listening to the vast majority of media comment on the financial crisis, you’d be forgiven for thinking that there are no wealthy people left in Ireland. But the reality is that they do still exist and the wealthy today are the same people as the wealthy of a few years ago.
Consider:
• 1% of the Irish population owns 34% of the wealth (source: Bank of Ireland ‘Wealth of the Nations Report’ 2007)
• The wealthiest 5% of the Irish population owned assets worth €320 billion in 2007 (same source as above). Even if these assets have lost 40% of their value, that’s still €200billion worth of wealth.
• The number of Ireland’s High Net Worth Individuals (those with investable assets of more than $1 million) rose by over 10% to 18,100 in 2009. The number of Ultra High Net Worth Individuals (those with investable assets of more than $30 million) rose to 181. (source: Merrill Lynch Global Wealth Management ‘World Wealth Report’)
• According to a Central Statistics Office 2009 report Irish residents own €1,251 billion worth of foreign stocks and bonds. While it is unclear exactly what this figure represents (it is 10 times the figure for the wealthiest 1% quoted in the above ‘Wealth of the Nation’ report, but considerably lower than the €1,560 billion in funds held by IFSC companies who might claim to be resident for tax purposes), it’s clear that we are not ‘all in this together’.

The 1% Network takes its name from the fact quoted above that 1% of the population own 34% of the wealth. The network has come together to highlight the fact that wealth still exists in Ireland and to attempt to re-orientate the political discourse about the financial crisis to focus on how the glaring wealth divide can be tackled.

On Saturday evening, 30th October, we invite you to join us for an after dark Hallowe’en Treasure Hunt while we point out where just some of the supposedly disappeared wealth might be found.

Meeting at AIB Headquarters, Ballsbridge at 6:30p.m., we intend to take a ramble along some of the most expensive streets of Dublin where mansions have sold for up to €51 million. We will be having a look at some of the monsters who think the costs of the crisis should be paid for by the low paid, the sick and the unemployed rather than the 1% who own 34% of the wealth in the country.

Come along and join us. Fancy dress along the theme of Zombie developers, Vampire bankers, Ghost estates and Ravenous black holes encouraged but not required!

For more information on the 1% Network and for a report on our ‘Political Walking Tour through the heartland of the Golden Circle’ held on Saturday October 9th see www.onepercentnetwork.org. Contact us at 1percentnetwork@gmail.com.

Related Link: http://www.onepercentnetwork.org
author by opus diablos - the regressive hypocrite partypublication date Fri Oct 22, 2010 15:17Report this post to the editors

I think it was on Matt Cooper last evening(its probably on a podcast) I heard one of these geniuses proposing(again) that these ghost estates be demolished because '.. they were in danger of becoming infested with vermin...and..and ...even people..'.

Cooper didn't seem to notice.

 
© 2001-2017 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy